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but this is a weird one because this tax works the opposite of many other taxes in that it only taxes you up to $113,000 of income. above that, you don't have to pay the social security piece of the fica tax. it hits those people at the bottom on a percentage basis more than other taxes do. that's why people are having a little bit after head scratcher here, trying to figure out what the impact is, sue. >> yeah, eamon, no one is happy about it. and jane has that story live for from burbank, jane? >> reporter: hi, sue. in california, it is a double-whammy. not only are people seeing higher taxes but in california there are is a higher sales tax twb there is higher federal income tax and state as well. but this is l.a., a blue city and blue state and people are used to ponying up. >> have you gotten paid yet this month. >> reporter: yes, i have. >> did you notice your paycheck was smaller? >> i did. >> reporter: how did you feel about that? >> on one hand, we know why it is being done in the sense that we need to find a way of getting the deficit down. you but on the other hand, no, bec
but this is a weird one because this tax works the opposite of many other taxes in that it only taxes you up to $113,000 of income. above that, you don't have to pay the social security piece of the fica tax. it hits those people at the bottom on a percentage basis more than other taxes do. that's why people are having a little bit after head scratcher here, trying to figure out what the impact is, sue. >> yeah, eamon, no one is happy about it. and jane has that story live for from...
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and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the government collects nothing. >> right. >> so, as taxes rise, the government's stake will diminish. and the government's stake is maximized somewhere between 40% and 45%. and we are beyond that. so, the government's stake is going to diminish from here on, so raising taxes is no longer going to be an answer to deficit reduction and apparently neither is cutting spending. >> yeah, i mean, i guess, you know, the broad -- the broad populous, you know, the people, i don't know that they necessarily understand the implications of not cutting spending, because it does feel like, you know, it constantly goes on the republica
and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the...
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tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers -- >> that would be the dollar stores. specifically like family dollar, dollar general, or dollar tree. >> joining us now howard levine, chairman and ceo of family dollar stores. you're sensitive to this type of stuff, howard. thanks for coming on today. in past periods like this, is there a pretty clear-cut cause and effect that we will see if people, if your customers get $15 less per week, that $15 cannot make its way into family dollar's coffers, can it? >> sure, joe. and good morning, everybody. thanks for having me this morning. you know, when i think about some of the current news, i've be
tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers...
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the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is when the sequester begins. watch the president try and weasel out of the sequester, that it was his idea, and he agreed to it -- >> doesn't matter whose idea it is. how are you going to get on the offense? see i'm with you. i'm a fiscal conservative. but you're on your back feet. >> no, no. the sequester takes place automatically unless something else happens, saving $1.2 trillion. debt ceiling which comes up around march 14th, fuzzy day but roughly march 14th, there the republicans have said for two years now, because the president's busting the budget with all his spending he's going to ha
the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is...
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i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class. and my biggest priority was making sure that middle class taxes did not go up. the difference between this year and 2011 is the fact that we've already made $1.2 trillion in cuts. at the time i indicated that there were cuts that we could sensibly make that would not damage our economy, would not impede growth, i said at the time i think we should pair it up with revenue in order to have an overall balanced package. but my own budget reflected cuts in discretionary spending. my own budget reflected the cuts that needed to be made. and we've made those cuts. now, the challe
i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class....
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the fiscal cliff, this isn't a new tax. it's a return of an old tax but playing havoc with domestic stocks. so is all of the partisanship that makes our country seem like a mickey mouse place to invest and uncertainty going forward, every single democratic government on earth seems to be better organized and smoother functioning than ours. that uncertainty caused by that lack of confidence and higher payroll taxes might have something to do with the declines. telco was a place to hide back in 2012. at&t and verizon saw slow downs. apple and samsung, we love these companies because they had no europe last year, in china, no mexico. now we wish they had all three and there was business formation. let's focus on the other half of the equation. it's a little. where the money is going. last night china heads to one more marketable session. holy cow, courtesy of new attitude. the gold double digit growth is taking up the fxi. follow along, but it is taking up to the ancillary chinese place, like coach. did you see that today. ral
the fiscal cliff, this isn't a new tax. it's a return of an old tax but playing havoc with domestic stocks. so is all of the partisanship that makes our country seem like a mickey mouse place to invest and uncertainty going forward, every single democratic government on earth seems to be better organized and smoother functioning than ours. that uncertainty caused by that lack of confidence and higher payroll taxes might have something to do with the declines. telco was a place to hide back in...
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yeah, the payroll tax really matters. but, in fact, if you look at how much the average homeowner who has been able to refinance, and that's more and more of them, have saved, it dwarfs what the increase is in the payroll tax. >> all right. we will leave it there. great conversation, guys. we appreciate your time tonight. see you soon. >>> greg ip, jerry webman. up next "on the money," what today's students think of tomorrow's economy and how we can teach ourselves into the future. the president of harvard university is with me. >>> and then is buzz worth billions? how to build a news company in a digital age. why sharing angry cat pictures may just save journalism. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that impact business on campus? joining me right now is drew faust, the first female president of harvard university. president faust, good to have you on the program. >> thank you. great to be here. >> so we had news this w
yeah, the payroll tax really matters. but, in fact, if you look at how much the average homeowner who has been able to refinance, and that's more and more of them, have saved, it dwarfs what the increase is in the payroll tax. >> all right. we will leave it there. great conversation, guys. we appreciate your time tonight. see you soon. >>> greg ip, jerry webman. up next "on the money," what today's students think of tomorrow's economy and how we can teach ourselves into...
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under new rules, foreigners buying property will have to pay a new tax and there is a tax on those who speculation on industrial properties. seng wun, some people are pointing to what is happening with japan as inciting more capital inflows into places like singapore. do you expect more measures in response? >> i think the policymakers here in singapore, we have seen the hong kong government trying to attempt with limited success to hold on property prices here. we have seen inflows. if you look at the last few weeks, we are very strong close into the equity market and given that this region is still set to be likely to lead growth in the coming over 12 months or so itself, that's likely a gain to bring more money. unless, of course, we see a strong turn around in growth in europe and the u.s., but from the medium term itself, when you've got growth and you've got employment opportunity, you've got income growth and environment of very low interest rate is headache to policymaker in which i think the government here continue to have to fine tunemakers every now and then essentially bec
under new rules, foreigners buying property will have to pay a new tax and there is a tax on those who speculation on industrial properties. seng wun, some people are pointing to what is happening with japan as inciting more capital inflows into places like singapore. do you expect more measures in response? >> i think the policymakers here in singapore, we have seen the hong kong government trying to attempt with limited success to hold on property prices here. we have seen inflows. if...
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the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily because when you look at consumer credit and disposable income, they increase one to one. we had an increase in consumer credit, away from the trend. you have an increase in disposable nexincome. it may not be a lot, but that could have a nonlinear effect on the area. when i look back at the valuation of it, xly or the underlying index is trading at the high end of its valuation on a p.e. and price to book ration owe is the word i was looking for. it a tough word. >> yeah. >> r-a-t-i-o. >> yes. >> i but curious about this, because it doesn't sound like a lot, but the tax policy center says that's $18 to $20
the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily...
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see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed their gdp numbers this weekend 2.5%. it's not horrible and it's slowly improving. >> it is definitely tough out there. there's no argument there. final word very quickly, ralph. i just want to get your single best idea right here. if your scenario materializes and this market goes up, what's your best idea? where do you want to put your money today? >> xlf. financials. >> that's his financial sector there. >> yep. >> thanks, guys. >> we'll see you soon. thank you so much. we'll keep you updated on the dell story as it develops. we are in the final stretch of trading. 45 minutes until the closing bell soun
see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed...
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the exciting thing about a financial transaction tax or robin hood tax is the actually big gain changer for the financial sector it would it would make short termism an awful lot more expensive than a long term investment and therefore it would shift the financial sector away from being something that the rest of us service and it would actually restore the old idea of the finance sector that its job was to support the real economy rather than the other way round so in many ways you know the chief several objectives at once and that's one of the reasons why we support it so it's basically air attacks on large financial transactions is it retribution for the bankers it's not retribution but it is about making sure that the finance sector that cause so much damage to the world economy and actually put something back actually helps to to restore the situation because over the last few years we've actually seen an awful lot of people around the world suffering as a result of the actions of the finance sector with the possible exception of the people at the very top of the finance sector who
the exciting thing about a financial transaction tax or robin hood tax is the actually big gain changer for the financial sector it would it would make short termism an awful lot more expensive than a long term investment and therefore it would shift the financial sector away from being something that the rest of us service and it would actually restore the old idea of the finance sector that its job was to support the real economy rather than the other way round so in many ways you know the...
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of course, he will know that in april every working family will see a £220 tax cut as we lift the tax threshold yet further -- everyone will benefit from that. in our view, what we should be doing is cutting people's taxes, rather than taking more in taxes and recycling them through the massive tax credits business. that is what we believe on the government benches, and that is what will work for working families. >> is it not a clear example of how out of touch the prime minister is that while the overwhelming majority of the public want to maintain the ban on fox and stag hunting, he actually plans to repeal it? will he tell us why? >> as i explained before christmas, i have never broken the law and the only little red pests i pursue these days are in this house. >> does the prime minister accept that under this government -- >> order. i am sure the house wishes to hear the words of mr andrew selous. >> does the prime minister accept that we have brought in an 11% rise to the child element of tax credits, followed by a 5% rise, and that our recent rises build on them, meaning a cash
of course, he will know that in april every working family will see a £220 tax cut as we lift the tax threshold yet further -- everyone will benefit from that. in our view, what we should be doing is cutting people's taxes, rather than taking more in taxes and recycling them through the massive tax credits business. that is what we believe on the government benches, and that is what will work for working families. >> is it not a clear example of how out of touch the prime minister is...
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don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get higher rates. >> at the news conference, president obama made clear what he thinks about the 4 million words simplifying them or using them to promote economic growth are not priorities. >> from the start, my concern was making sure that we had a tax code that was fair. and protected the middle class. >> another related reason who i the tax code reform never gets done each loophole credit, preference and provision is favored by some interest group or another. which is in turn backed by veritable army of lawyer, accountant fighting to keep them where they are. >> bret: thank you. no grapevi
don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get...
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sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax system we have, and the tax gap, the money we're not collecting that's theoretically owed is $400 billion a year. we could do better than that, we can think better than that. and the president needs to lay that out for us. >> even if we get more growth, we're still finding it difficult to get unemployment down. elaine cho served as george w. bush's secretary of labor. what would you do to create more jobs in america? >> i think you have to keep the tax rate low, they're a direct burden on the resources of the employer. th
sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax...
SFGTV: San Francisco Government Television
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increpts that is baseline established and growth above that baseline of what pedestrian interest tax and so it's similar to increment financing and these are at the growth and tax of project's cause that otherwise go to the taxing entities pribblely the generally fund and we hold those proceeds to repay the investment and infrastructure. so no, to the proposed policy. there has been a long tradition both in the charter and in the burton act that the harbor fund is a self supporting the port is a self supporting enterprise and the city obviously, we pay for that was we purchase from the city and we want to maintain a balance so that the 50 city is not subsidizing the hash fund for our activities and the general services that we require from the city and so we have under taken a nexxus analysis in 2004 and eight that looks at the balance of payment and the next is the methodology that ports with long term leases where the tenants pay tax they pay ampleel tax to be provided these services like any other taxpayer and so the nexxus analysis looks at the unleased land and infrastructure on
increpts that is baseline established and growth above that baseline of what pedestrian interest tax and so it's similar to increment financing and these are at the growth and tax of project's cause that otherwise go to the taxing entities pribblely the generally fund and we hold those proceeds to repay the investment and infrastructure. so no, to the proposed policy. there has been a long tradition both in the charter and in the burton act that the harbor fund is a self supporting the port is...
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specifically getting rid of state income taxes and moving to sales taxes, consumption taxes. liz: they are showing the federal government how to do tax reform. what's really interesting is 37 of the 50 states the reason why this is happening is because one party control, one party control of the legislature and the governor. 37 out of the 50 states, that what's going on. stuart: 25 of those 37 are run by republicans, single party power within the state. 12 democrats. so you've got 25 states which could go for real tax reform. liz: real tax reform, that's right. what's interesting too north carolina is now talking about taxing services which would really hit the upper bracket tremendously, like accounting. stuart: that's interesting. because the general thing is to go to a consumption tax which hits everybody as opposed to just based on income. liz: not just things -- stuart: do you think this will go places at the state level? charles: i really do. these value added type taxes they grow and grow. stuart: right again, charles payne. right again. and the highlight reel, short o
specifically getting rid of state income taxes and moving to sales taxes, consumption taxes. liz: they are showing the federal government how to do tax reform. what's really interesting is 37 of the 50 states the reason why this is happening is because one party control, one party control of the legislature and the governor. 37 out of the 50 states, that what's going on. stuart: 25 of those 37 are run by republicans, single party power within the state. 12 democrats. so you've got 25 states...
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if i'm paying taxes to the program government for increased taxes on my business, i'm not able to buy new equipment. i'm not able to put more men to work. and my men's future is less certain because it's the money that i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: so capital expenses go down. [ applause ] bill. >> mike: because you don't have the capital to expand the business. >> equipment that american manufacturers rely on to compete in a low wage global environment go away. mike mipg travis, what happens in your business in this coming year? >> we had two huge rollouts the left model for chord buddy 20% of people are left handed the classical model for chord buddy will not happen. we will not get the breaks that we needed to write off that money, you know, tax wise. >> let it's not there anymore new product somebody has got it to build if it and ship it and sell it it's several jobs down the line that went happen because you don't have the money to make that work. >> right. >> all right. and, john, you talked about t
if i'm paying taxes to the program government for increased taxes on my business, i'm not able to buy new equipment. i'm not able to put more men to work. and my men's future is less certain because it's the money that i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: so capital expenses go down. [ applause ] bill. >> mike: because you don't have the capital to expand the business. >> equipment that american...
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corporate tax rate and income personal tax rate. we have the man who crafted the plan here with more details. interesting. >> that fits me, but how does that get offset? >> there you did. there you go. >> okay. updated on the markets like we do every 15 minutes. nicole, we have bank earnings out this week. how are broader markets doing? >> a lot going on. friday, the dow went over the unchanged line 50 times, today, no different, back and forth action. the dow is gaining five points, but the nasdaq and s&p both pulling back some, and, of course, the nasdaq weighed down by apple, and let's get financials up for you. today is a weak day of earnings, and names in focus like goldman, bank of america, citi group, and morgan stanley. the group ran up over 26% in the last year, and the estimates have come down considerably from sector to sector so this group, obviously, estimates trimmed to a certain extent. back to you. >> thank you, nicole. president obama addressed the nation on the looming debt ceiling warning a debt crisis could occur
corporate tax rate and income personal tax rate. we have the man who crafted the plan here with more details. interesting. >> that fits me, but how does that get offset? >> there you did. there you go. >> okay. updated on the markets like we do every 15 minutes. nicole, we have bank earnings out this week. how are broader markets doing? >> a lot going on. friday, the dow went over the unchanged line 50 times, today, no different, back and forth action. the dow is gaining...
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taxes have to be paid through some monies. >> let's say prudent tax policy is based on an idea that taxing consumption as opposed to means of pronunciation like income is a better way to go. that is why they are looking at that in louisiana. transportation is a quality of life issue. it is a business recruitment issue, it's been insold for 20 years in virginia. i'm trying to create a conservative, principled way to do that. i would use public private partnership and put money into transportation. we still have a problem in our major metro areas, i think this is creative way, kill one tax and move it to tax that grows with economic development and that will raise more money for roads. >> neil: 17 cents a gallon you lose on the state tax on gasoline, you'll have to make up initially with a fairly substantial hike in sales taxes, aren't you? >> it goes from 5% to 5.8%. essentially a revenue neutral conversion in year one but it grows because the sales tax grows faster than the gas tax because of inflation. >> neil: so you don't buy the argument that a tax on consumption of any sort limits tha
taxes have to be paid through some monies. >> let's say prudent tax policy is based on an idea that taxing consumption as opposed to means of pronunciation like income is a better way to go. that is why they are looking at that in louisiana. transportation is a quality of life issue. it is a business recruitment issue, it's been insold for 20 years in virginia. i'm trying to create a conservative, principled way to do that. i would use public private partnership and put money into...
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, already i'm scheduled to make tax payments and if i'm making tax payments to the federal government for increased taxes on my business i'm not able to buy new equipment, not able to put more men to work and my men's future is less certain, the money i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: capital expenses go down because you don't have the capital to expand the business? >>nator, capital expenditure goes down, and the equipment that american manufacturers rely on to compete in a low wage global environment go away. >> mike: all right. travis, what happens to your business in this coming year? >> we had two huge rollouts and the left-handed model for chord buddy, 20% of people are left-handed and the classical model it's not going to happen. we will not get the breaks that are need today write off that money tax-wise, it's not there anymore. >> mike: new product means you've got to manufacture more, means somebody's got to build it, somebody's got to ship it, somebody's got to sell it, so it's several jobs down th
, already i'm scheduled to make tax payments and if i'm making tax payments to the federal government for increased taxes on my business i'm not able to buy new equipment, not able to put more men to work and my men's future is less certain, the money i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: capital expenses go down because you don't have the capital to expand the business? >>nator, capital expenditure goes down,...
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various tax proposals are taking shape that could cut taxes in a big way. matt mccall, penn financial group. steve moore, "wall street journal.". good morning. love having you on. we can talk about what the government is doing with he have too. talk about what the markets are doing with matt. stephen moore, tell me, bobby jindal in louisiana, what his idea is, that is helping to drive this headline today? >> well, bill, he wants to make louisiana one of those, join the ranks of those nine states across the united states that don't have an income tax. those are states like texas and florida and tennessee and new hampshire and washington, navy. they're doing develop economically much better. art laffer who you have on the show a lot and we do a study, called rich states, poor states we find significant growth in those that don't have income taxes. texas isp booming. florida is doing well, tennessee. louisiana wants to join the states to get more job and higher income jobs. bill: bobby jindal wants to get in on the action? >> yeah. bill: what is the effect whe
various tax proposals are taking shape that could cut taxes in a big way. matt mccall, penn financial group. steve moore, "wall street journal.". good morning. love having you on. we can talk about what the government is doing with he have too. talk about what the markets are doing with matt. stephen moore, tell me, bobby jindal in louisiana, what his idea is, that is helping to drive this headline today? >> well, bill, he wants to make louisiana one of those, join the ranks of...
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higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff deal. but whatever happened to comprehensive tax reform? >> the irs tax code is still a nightmare. it's too complex, too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than $1 trillion a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea, but now that we have resolved the revenue issue, tax reform ought to be revenue neutral, as it was
higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff...
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b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become an american citizen. >> what would you say to the republicans who will say, look, they should be deported? >> yes. >> they should never have a path -- >> and you think what you say to them, look what your position got us in this last election. we need to pay attention to demographics. okay? i said we need to be the party of hope and opportunity. not the party of anger and resentment. >> illegal immigration is just one problem with our current system says michael bloomberg, the mayor of new york city and one of america's most successful
b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become...
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taxes proud, and he was only very tentatively supportive of the whiskey tax, the distilled spirits tax and the jefferson must i think largely sympathetic protester and jefferson city lot of things that modern-day tax protestors can see is. jefferson was an out liar. washington didn't support the whiskey rebellion. he actively participated in the military effort to put it down. hamilton believed -- and on this i very much agree with hamilton it's always going to be a big debate and you need to have that debate but you do not hobbled yourself before hand with a additional structural difficulties to have a source of revenue. >> host: we will take over half way break now and when we come back we want to talk about specific issues in the book and then we will talk about the politics behind it, and then the reasons that led you to write the book. we will be back in a little bit. >> guest: excellent. thank you. >> host: welcome back, michael. let's talk about some of the issues your book talks about and what the founders had to say in different opinions on these issues and then with the right
taxes proud, and he was only very tentatively supportive of the whiskey tax, the distilled spirits tax and the jefferson must i think largely sympathetic protester and jefferson city lot of things that modern-day tax protestors can see is. jefferson was an out liar. washington didn't support the whiskey rebellion. he actively participated in the military effort to put it down. hamilton believed -- and on this i very much agree with hamilton it's always going to be a big debate and you need to...
SFGTV: San Francisco Government Television
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to one $.6 billion paid in excess taxes generated from this site. pier 70 is a bit more complicated in that it's divided into a number of districts and a master plan starting in 2,007 and the commission chose to let out pourings of this site in sort-of a segmented manner and the water personal property site is the site under contract for a city development or in development is managing the rehabilitation of the historic buildings along 20th street, we have our ship repair under least and you have heard david talk about cran copark. four city's this the process of doing due diligence for the property right now and they are concerned that it's sea level rise and the city's team will be consulting with the chief hash engine here about raising the grade of this site so it's not subject to innonedation in the future. very interesting engineering constraints at pier 70 there were slip ways built by the federal government to facility ship repairs and it's difficult to buildbled on those and that is blue line that you see here and that is demarks the only s
to one $.6 billion paid in excess taxes generated from this site. pier 70 is a bit more complicated in that it's divided into a number of districts and a master plan starting in 2,007 and the commission chose to let out pourings of this site in sort-of a segmented manner and the water personal property site is the site under contract for a city development or in development is managing the rehabilitation of the historic buildings along 20th street, we have our ship repair under least and you...
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taxes. that is a radical move. he wants to shift instead to a sales tax, higher sales tax, shifting from income taxes to consumption taxes. he thinks that will give the state growth, bring in employers, create jobs, make the economy of louisiana expand, and basically progress. >> he's saying if you make louisiana a great place to come, companies will come. >> yes. >> peter: and people will have work? >> yes. >> peter: but the trade-off is, higher sales tax. so the question today is, that a regresssive tax? >> yes. >> peter: as you economists say? >> yes. >> peter: what does that mean? >> everybody pays it. no relation to how much you earn. it's how much you spend. you pay tax according to what you spend. a sales tax, it tax consumption. so in that sense, yes. it is regresssive. but on the other hand, if the absence of income taxes creates a growing economy, everybody wins from that. >> peter: some states don't have income tax. >> there are seven. i'll read them, alaska, florida, nevada, sout
taxes. that is a radical move. he wants to shift instead to a sales tax, higher sales tax, shifting from income taxes to consumption taxes. he thinks that will give the state growth, bring in employers, create jobs, make the economy of louisiana expand, and basically progress. >> he's saying if you make louisiana a great place to come, companies will come. >> yes. >> peter: and people will have work? >> yes. >> peter: but the trade-off is, higher sales tax. so the...
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>> americans never liked taxes. they didn't like taxes without representationment they didn't like taxation with representation. they revolted a few times, the whiskey rebellion. there was quite a bit of antitax sentiment in america. that said, the constitution is virtually unlimited in its taxing power it gives to the government, and hamilton wrote about that need to collect taxes, and in there -- a number of places he says, i think very straightforward, doesn't make it into the glen beck version, these essays -- but says that it's politically difficult to vote to raise taxes and always going to be politically different to vote to raise tacks. you do not ever want to do anything to add a structural difficulty by putting something in the constitution to limit the ability to raise taxes because you can't foresee the future. that it is dramatically irresponsible to do something like, oh, i don't know, take a pledge saying you will never in your life as a legislator vote continue crease taxes. >> host: grover nordquist
>> americans never liked taxes. they didn't like taxes without representationment they didn't like taxation with representation. they revolted a few times, the whiskey rebellion. there was quite a bit of antitax sentiment in america. that said, the constitution is virtually unlimited in its taxing power it gives to the government, and hamilton wrote about that need to collect taxes, and in there -- a number of places he says, i think very straightforward, doesn't make it into the glen...
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let's take corporate tax. it seems likely that there'll be a yearlong debate about corporate taxation here in washington in the year 2013. most businesses are global in some respect now. not all, but most big businesses for sure. if you're a big business and you look over to china, you'll see in their five-year plans in energy or in information technology specific promises to have a 15% corporate income tax rate. you come to the united states, you have no predictability, you don't know what it is, and the current rate is much, much higher than that. we need reforms that say to businesses we want you to invest here in the united states. while we're having this big debate about corporate tax reform, let's include in it specific reforms for the energy sector that, in fact be, are designed to attract a massive amount of new investment to build a clean energy platform. let's have that be a subpart of the corporate tax reform debate. another example, the carbon tax. the carbon tax is a prod-based -- broad-based tax
let's take corporate tax. it seems likely that there'll be a yearlong debate about corporate taxation here in washington in the year 2013. most businesses are global in some respect now. not all, but most big businesses for sure. if you're a big business and you look over to china, you'll see in their five-year plans in energy or in information technology specific promises to have a 15% corporate income tax rate. you come to the united states, you have no predictability, you don't know what it...
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on the rich. >> taxes go up for singles making over $400,000 or more. it goes from 35% to 39.6%. >> 39.6%, mr. president? how is kim-ye supposed to afford a baby now? nation, nation, listen -- i don't want to brag -- but i make in excess of 400 large a year and by large i mean biggie fry, biggie coke. okay? i'm successful. if the government punishes me for it with the tax increase maybe i won't want to be anymore. >> it lowers the incentive of the people you want to take risks and to inknow rate is and to create. >> it's a disincentive to work. >> why do we want to punish success for crying out loud? why punish success? how can we makers continue to make what we make. why screen a personal husband and wife omelet team? maria, um bettero, i have terrible news. [ laughter ] thank god this horrible deal has loopholes. >> included in this bill were tax breaks for porto rican -- puerto rican rum growings, algae growers chnch -- >> stephen: which is why i'm proud to introduce captain colbert's pond rum. mmmmm, mmmmm. [cheers and applause] it's the only caribb
on the rich. >> taxes go up for singles making over $400,000 or more. it goes from 35% to 39.6%. >> 39.6%, mr. president? how is kim-ye supposed to afford a baby now? nation, nation, listen -- i don't want to brag -- but i make in excess of 400 large a year and by large i mean biggie fry, biggie coke. okay? i'm successful. if the government punishes me for it with the tax increase maybe i won't want to be anymore. >> it lowers the incentive of the people you want to take risks...
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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they also want to extend the statute of limitations on tax crimes. they want to improve coordination in europe when it comes to issues like exchanging information. angela merkel's christian democrats have criticized the proposals saying they won't work, and accusing the other party of electioneering. the most of what has been suggested is nonsense. -- >> most of what has been suggested is nonsense. >> the spd back to the policy of state government buying cd's. they managed to retrieve millions in lost tax revenues. >> now to an austrian actor who only shot to stardom just a few years ago. thanks to director 1 quentin tarantino, he accepted a golden globes. >> he wowed audiences. >> it was the second global blow -- golden globe for christoph waltz. he knew who to thank. >> my indebtedness to you knows no bounds. >> in "django unchained," he plays a bounty hunter who freeze a slave, intending to make him his partner on the road -- who frees a slave, intending to make him his partner on the road. >> and arnold schwarzenegger handed out this award. >> i
they also want to extend the statute of limitations on tax crimes. they want to improve coordination in europe when it comes to issues like exchanging information. angela merkel's christian democrats have criticized the proposals saying they won't work, and accusing the other party of electioneering. the most of what has been suggested is nonsense. -- >> most of what has been suggested is nonsense. >> the spd back to the policy of state government buying cd's. they managed to...
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they also want to extend the statute of limitations on tax crimes. they want to improve coordination in europe when it comes to issues like exchanging information. angela merkel's christian democrats have criticized the proposals saying they won't work, and accusing the other party of electioneering. the most of what has been suggested is nonsense. -- >> most of what has been suggested is nonsense. >> the spd back to the policy of state government buying cd's. they managed to retrieve millions in lost tax revenues. >> now to an austrian actor who only shot to stardom just a few years ago. thanks to director 1 quentin tarantino, he accepted a golden globes. >> he wowed audiences. >> it was the second global blow -- golden globe for christoph waltz. he knew who to thank. >> my indebtedness to you knows no bounds. >> in "django unchained," he plays a bounty hunter who freeze a slave, intending to make him his partner on the road -- who frees a slave, intending to make him his partner on the road. >> and arnold schwarzenegger handed out this award. >> i
they also want to extend the statute of limitations on tax crimes. they want to improve coordination in europe when it comes to issues like exchanging information. angela merkel's christian democrats have criticized the proposals saying they won't work, and accusing the other party of electioneering. the most of what has been suggested is nonsense. -- >> most of what has been suggested is nonsense. >> the spd back to the policy of state government buying cd's. they managed to...
SFGTV2: San Francisco Government Television
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we need to reform our payroll tax. that is an incentive not to create jobs. i know the board president david chu is working on possibility this there -- possibilities there. i look forward to working with him. we've targeted efforts to revitalize areas and bring industries here with the tax holiday and proposal introduced yesterday relating to parts of the tenderloin to provide some payroll tax relief to encourage businesses like twitter and others to go there. >> the governor has proposed eliminating funding for redevelopment agencies. what is your opinion of the plan? what are your thoughts on the value of redevelopment agencies? >> i think the plan is over- broad. i do not support it as it relates to san francisco's model of redevelopment. our redevelopment agency does tremendous work in san francisco. a lot of projects like treasure island and what is happening in hunters point, those kinds of projects would be difficult to achieve without redevelopment. a redevelopment agency is the largest source of affordable housing creation in the city. it has been a
we need to reform our payroll tax. that is an incentive not to create jobs. i know the board president david chu is working on possibility this there -- possibilities there. i look forward to working with him. we've targeted efforts to revitalize areas and bring industries here with the tax holiday and proposal introduced yesterday relating to parts of the tenderloin to provide some payroll tax relief to encourage businesses like twitter and others to go there. >> the governor has...
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he's right on the tax stuff. on the other stuff it'd be pretty hard for him to make an argument that the american he people voted for gun control or unconditional increases in borrowing. >> megyn: back on the issue of gun control to leave it at this, vice-president biden is going to give recommendations we understand tomorrow to the president, as he's been known to do, put his foot in his mouth a bit on friday when he said the following: . >> we know there's, there's no silver bullet and there's no, as one of my friends said, no seat belt to put on to assure you will not be in this circumstance again. i'm going to be submitting to the president i think a proposal as to how to proceed. i'm shooting for tuesday, hope i can get it done by then. >> megyn: and the hits on the tape how it came to us. the vice-president talking the gun proposal, no silver bullet, but shooting for tuesday, the recommendations. thoughts on that, chris? >> we're grateful to vice-president biden, we're grateful to vice-president biden, all
he's right on the tax stuff. on the other stuff it'd be pretty hard for him to make an argument that the american he people voted for gun control or unconditional increases in borrowing. >> megyn: back on the issue of gun control to leave it at this, vice-president biden is going to give recommendations we understand tomorrow to the president, as he's been known to do, put his foot in his mouth a bit on friday when he said the following: . >> we know there's, there's no silver...
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tax for years. they rely on a windfall from the rich energy resources as well as other forms of taxation, including a sales tax. political analysts are warning the proposal to eliminate income tax could be followed by a plan to raise the sales tax. the office responded to the claim saying only he wants to keep the sales tax as low as possible. well, from texas to investment, it is a mad-toward equity mutual funds in the new year. inflows for the first week reaching $22 billion in his second highest level in history and the highest in 11 years. emerging-market equity funds saw the biggest inflow reheat to cover teeseven and a half billion. ceo of edelman financial services joins me now. when regular investors finally get interested in equity says it mean it is almost over? >> ordinarily i would agree it to my yes, it does, but not this time. you know why? it has been five years since ordinary consumers have had any confidence at all in the u.s. stock market. finally, after watching the stock market r
tax for years. they rely on a windfall from the rich energy resources as well as other forms of taxation, including a sales tax. political analysts are warning the proposal to eliminate income tax could be followed by a plan to raise the sales tax. the office responded to the claim saying only he wants to keep the sales tax as low as possible. well, from texas to investment, it is a mad-toward equity mutual funds in the new year. inflows for the first week reaching $22 billion in his second...
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the fiscal negotiations and our spending and taxes, the taxes one i think is closed, come down to this. the reason we can't get a deal is that for each party each party s trying to get from the negotiations what they are being asked to five up in the negotiations. -- give up in the negotiations. hard to get a deal that a way. >> check out panel plus where our group pubs up with the discuss on our -- picks up with our discussion on the website. follow us on twitter. up next, our power player of the week. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't knowt yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>. >> chris: up till now she let her husband lead on public life as she has b
the fiscal negotiations and our spending and taxes, the taxes one i think is closed, come down to this. the reason we can't get a deal is that for each party each party s trying to get from the negotiations what they are being asked to five up in the negotiations. -- give up in the negotiations. hard to get a deal that a way. >> check out panel plus where our group pubs up with the discuss on our -- picks up with our discussion on the website. follow us on twitter. up next, our power...
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, the taxes one is closed. come down to this: the reason we can't get a deal is, that for each party, each party is trying to get from the negotiations, what they are asked to give up in negotiations, hard to get a deal that way. >> chris: thank you, panel. see you next week. don't forget to check out panel plus where our group picks up with the discussion on our web site, foxnewssunday.com and they'll post the video before noon eastern time and make sure and follow us on twitt twitter @foxnewssunday. up next our power player of the week. ♪ i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. impact wool exports from new zealand, textile production in spain, and the use of medical technology in
, the taxes one is closed. come down to this: the reason we can't get a deal is, that for each party, each party is trying to get from the negotiations, what they are asked to give up in negotiations, hard to get a deal that way. >> chris: thank you, panel. see you next week. don't forget to check out panel plus where our group picks up with the discussion on our web site, foxnewssunday.com and they'll post the video before noon eastern time and make sure and follow us on twitt twitter...
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ceiling. >> this is a guy walking into a crowded room and saying, "i have a bomb strapped to my chest, and if you don't give me what i want, i'm going to blow up everybody, including myself." and is that a credible threat? well, there're some pretty crazy people there. and it might be that they're willing to do it. but by the same token, obama cannot get into this because then you have government in the hands of -- never mind the constitution, the government is run by whoever is most willing to wreak havoc with our whole system of -- with the nation. we cannot allow ourselves to be blackmailed into spending cuts, partly because blackmail should not be part of how the u.s. operates, and partly because spending cuts would be disastrous right now. so obama's right to say he doesn't negotiate. i'd like to know exactly what he will do if it turns out that there
there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ceiling. >> this is a guy walking into a crowded room and saying, "i have a bomb strapped to my chest, and if you don't give me what i want, i'm going to blow up everybody, including myself." and is that a credible threat? well, there're some pretty crazy people there. and it might be that...
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the law was hotly debated, it is a law and they should not be able to raise the taxes particularly taxes on our young people simply by avoiding congress. gerri: george pataki, thank you for coming on the show tonight, thank you very much. >> thank you. gerri: it was this day in business back in 1990, fox's animated series "the simpsons" first premiered and became an instant hit. the half-hour sitcom islamist running american program so far running 24 seasons and 515 episodes. in the early 90s toward simpson was america's favorite character in fact introduced during its peak. for the 1 million shares sold on a given day bringing in $2 billion in revenue during the first 14 months. in 2007 the simpsons movie was released in theaters worldwide. it grossed $527 million sold $750 million in simpson's related merchandise. by 2011 the show made $1 billion in profits. this initiative 25 emmy nominations or awards and a star on the hollywood walk of fame. the first fox show to break into the top 10 in the ratings, "the simpsons" premiered o permit ons business day january 14, 23 years ago today.
the law was hotly debated, it is a law and they should not be able to raise the taxes particularly taxes on our young people simply by avoiding congress. gerri: george pataki, thank you for coming on the show tonight, thank you very much. >> thank you. gerri: it was this day in business back in 1990, fox's animated series "the simpsons" first premiered and became an instant hit. the half-hour sitcom islamist running american program so far running 24 seasons and 515 episodes. in...
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louisiana governor proposing a zero corporate tax rate and personal income tax rate. speaking with the man advising the governor on that plan coming up next. ♪
louisiana governor proposing a zero corporate tax rate and personal income tax rate. speaking with the man advising the governor on that plan coming up next. ♪
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taxes raised a bit but no sequester. we saved the lady. but we ourselves had tied to the track. >> the plan would also delay across-the-board spending cuts for defense and most federal agencies. but only for two months. kicking the can on tough decisions to reduce government spending >> jon: did i say save? i meant moved her a half mile further down the track. so these massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can all agree on? >> house speaker john boehner had kind of a rough week here. the at a party folks not happy with the deal that he struck >> the president was able to get the speaker to undo everything he had promised he would do >> where are you? mr. speaker, we need leadership. >> tonight i am ashamed, shame on you, mr. speaker. >> jon: republican or democrat, senator or congressman, team edward or team jacob, everyone agrees john boehner sucks. at least we can be assured that as the incoming congress votes for a new speaker of the house, it's clear what the out
taxes raised a bit but no sequester. we saved the lady. but we ourselves had tied to the track. >> the plan would also delay across-the-board spending cuts for defense and most federal agencies. but only for two months. kicking the can on tough decisions to reduce government spending >> jon: did i say save? i meant moved her a half mile further down the track. so these massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can...
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Jan 14, 2013
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i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it is fair, for example, to ask a senior to pay more for his or her health care or a scientist to shut down life heavy saving research so the that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it is smart to protect endless corporate loopholes and tax breaks for the wealthiest americans, rather than rebuild our roads and our schools, invest in our workers skills or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way where everybody pulls their weight,
i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision...
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Jan 14, 2013
01/13
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so if you're filing your taxes online, pick the best tax software available... with h&r block at home. this is power software created by the tax experts at h&r block. and only h&r block software backs you up with free audit support and in person representation from a tax professional. file for free now at hrblock.com. ♪ made with only milk... cream... a touch of sugar... and pure natural flavors. ♪ who knew being natural could be so delicious? coffee-mate natural bliss. from nestle. add your flavor naturally. >> announcer: "today" at the golden globes is brought to you by l'oreal paris, because you're worth it. >>> the chance to host the golden globes arrival special gave us an opportunity to see a lot of the fashions up close and personal. we did that. >> we did. and here to break down the night we had julian ewe guiliana rans. you're the experts. >> good morning. >> why don't we give the guys a chance to start. >> oh, the men. >> always ignore them. >> it will turn out to be all about the women anyway, right? hugh jackman, what did you think of his out fit? >> i thought he was t
so if you're filing your taxes online, pick the best tax software available... with h&r block at home. this is power software created by the tax experts at h&r block. and only h&r block software backs you up with free audit support and in person representation from a tax professional. file for free now at hrblock.com. ♪ made with only milk... cream... a touch of sugar... and pure natural flavors. ♪ who knew being natural could be so delicious? coffee-mate natural bliss. from...